As correctly analyzed, Monero broke above the trend line resistance and corrected higher. We wrote on Aug 27 that "...the 100 DMA is approaching the horizontal resistance and IF Monero gets eventually there, we may have a confluence of two huge resistance players - horizontal line and 100 DMA, around 0.01770". As a result, the coin did exactly the same, moreover,...
Hello traders, I bring you here an interesting view LONG TERM on EUR/USD. In this chart we can see EUR/USD is about to become a long time bear. We have a bearish cross on MAs, Broke an almost 2 year old support trend line and now after retest the trendline a Shooting Star Candle. This trade has big downside potential and for those who love swing trading will...
USDJPY H1 Make Shooting Star Pattern and for scalping we can short it fir Now
Nice shooting star candle formed, rejection right on 61.8%. A long above the high. And a short trade through 1.518 support.
Going down! I shorted at 2873...
Folks, We got blindsided by a surprise bull run Friday 8/24 which seemed so unlikely I was horrified and amazed all at once. In retrospect, some sort of rally was to be expected off the Thursday low prices, and I hedged my bets in case, but this was quite bullish indeed. In spite of making a new high closing price on Sand P, US 30 did not confirm the high...
Compare to 6/14 Harami cross. Identical price behavior 8/21-23 c/w 6/12-14 and 8/7-9. Slapped down hard from high channel retest after 8/21 high. All the Doji have been seen- pin bar, shooting stars, Harami crosses, engulfing bears, Red Shooting star today. Perfect setup for lower and soon- imminent. Today I observed a bear flag all afternoon following the...
Bitcoin is printing a bearflag on the daily with a huge "fuck you, bulls" candle yesterday. If you looked at my last post you'll see I was expecting a dead cat bounce to 6.8k - 7k. I now believe bulls are running out of time to put together a bounce, and if we don't see a bounce soon, the shooting star wick we got into the 7k range might have been the "bounce"....
Expect gap down and significantly lower based on very bearish futures in PM. C wave beginning- soon. It might be very strong b/c it's a combo of primary ABC from Feb cycle and an intermediate ABC coming off the June swoon, both waves terminating at this juncture. Possible low target zone 23531 at Nov/Dec 2017 support. Good luck! As always, this is not investment...
Compare/contrast to 11/12 June top and throwover. Bearish engulfing candle. Shooting stars. On intraday we saw hanging man twice, and shooting star in SPX 8/.21. Expect imminent throwover to entry on wave C of ABC ZigZag correction pattern within days, after reaching all-time high on SPX 8/21, US 30 25888 at Fibo 0.786 from Jan 26 high. Target 23531. Possibly...
#USD_CNH just formed #Bearish #ShootingStar reversal candle on the #Weekly timeframe with a long wick that implies for a reversal signal for a wave of short positions coming to drag spot PA from 6.85 to our TP targets and key support levels at 6.70 & 6.58! While #CNH #Renminbi appreciating against #Greenback , #GOLD #XAU_USD will accelerate to the upside to gain...
Looks like a bearish pattern emerging and we have divergence with Nas off -20 and Sand P flat now. Look to see if we get orphan harami for the day might lead to Wave 2 down on Monday for a buy opportunity. Markets hate an unfilled gap. Look for Dow to retrace significant part of Thursday green candle before resuming upwards march. Not investment advice just...
See chart. Double shooting atr Doji on the 1-hrs today. Bearish divergence. Media hype 'bulls charging nonstop!' Look out below...
The slip-slide has begun. Could surprise us with a last-ditch retest from here, but futures are grim and price action = bearish. After an exhaustion gap - up we had a shooting star doji on the 2-hours 8/7 and an engulfing bear candle 8/8 end of day. High probability given these signals the Dow is in throwover. A sharp decline might ensue following rejection from...
Previous analysis /position: Ichimoku clouds turning bullish. Green 2 > Green 1 on the weekly. First time we have traded above the parabolic SAR since the bear market started. Incoming death cross on the 50 & 30 week MA’s. Largest volume profile over the past year is $7,576 to $8,287. 0.382 FIB = $8,496 / remaining on the sideline while waiting for further...
Here we have a short set up for SOGO,which has gone up a whomping 75% in the last 2 months on speculation. Yesterday we had a high volume shooting star, a common reversal pattern, and arguably a 'blow off top'. Today we retraced along the wick of that shooting star, creating a short opportunity for brave traders. I believe win probability is below 50%, but a...
GBPUSD has a 15min shooting star(Pin Bar) after the announcement. A worth trying short-term trade to short if it's able to break to the downside! Abundant ema correction rooms! Strict execution and 1st kick are crucial for this kind of trade. If it doesn't break the shooting star low and makes new high, this trade doesn't exist anymore. Let's see how it goes!